Financial Highlights

These financial highlights reflect positive trends, including consistent and strong growth in net income and earning assets. Earning assets have grown steadily since 2018 and that trend continues into 2022. Additionally, nonearning assets have continued to decline over the last three years.

Financial Highlights ($ in millions)

2018 2019
2021 Q3 2022
Total Capital $2,181 $2,293
$2,441 $2,403
CET1 Ratio 14.0% 14.4%
13.8% 13.9%
Asset Quality
Earning Assets $10,001 $10,597
$12,805 $13,696
Nonearning Assets $113 $126
$71 $65
Net Income $248.0 $255.0
$326.3 $266.2
Operating Efficiency Ratio 26.3% 25.6% 24.2%
24.5% 24.9%

Annual Report to Shareholders

Quarterly Reports to Shareholders

Third Quarter 2022
Second Quarter 2022
First Quarter 2022
Third Quarter 2021
Second Quarter 2021
First Quarter 2021
Third Quarter 2020
Second Quarter 2020
First Quarter 2020


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  • Patronage Callout

    What is Patronage?

    As a Farm Credit West borrower, you are a member of a cooperative and entitled to share in its financial success.

    Every year, Farm Credit West returns profits to customers - the owners - as patronage dividends, significantly reducing total borrowing costs. At each year end, the Board of Directors evaluates whether to retain Farm Credit West’s net income to strengthen our capital position or to distribute a portion of the net income to customers by declaring a qualified/cash patronage dividend. Whether it is distributed in cash, or maintained as retained earnings, since 2001 Farm Credit West has allocated 100% of its net income to its customers.